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Class III milk futures were mixed on Aug 18, with August up $0.01 and September up $0.04 at $17.19. Cash cheese blocks rose to $1.755 and butter eased to $2.645.
The USDA reported Midwest milk production varied by location, and butter makers cited improving export demand.
Stable cheese and butter prices alongside improving butter export demand keep milk values supported. Tightening barrel-block spreads point to firmer cheese demand, which is neutral for dairy feed demand.
brownfieldagnews.comJohn PerkinsAug 18, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
